Canola Futures

[Guest]

Hey guys, long time listener first time caller. What are everyone's thoughts on the canola futures? They are in a free fall as of late. Where are they headed and how does this affect everyones plans going forward? Was looking at more canola acres this spring but not sure what to do now. Everyone's thoughts are welcome!

[TOM4CWB]

Volatility is expected.

How dry will the weather be...

Will China keep buying Soybeans/Canola... they keep the oilseeds going.

[Oilking]

Yes, canola futures have taken a hit lately. Too risky to grow at this price with today's costs. If it doesn't turn around , guys will be cancelling seed and acres will be down big time this spring.Minniapolis wheat trading under 5 bucks, spring wheat acres will be down a lot too. These acres will be replaced with soybeans and pulses

[farmaholic]

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https://www.youtube.com/watch?v=5_H-LY4Jb2M

[TOM4CWB]

CDN$ 0.7163 - 0.7253 this morning already...

[farming101]

Farm deliveries week ending Jan 31 were 317,000 tonnes.
Commercial stocks and in transit were up over 6% compared to last week
and over 14% compared to last year.
[URL=http://photobucket.com/]/URL]
Basis steady so far at the crush plant. Futures caved after the gravestone doji (close enough) was printed on Jan 22. Cash prices down.
Old crop canola is looking a little like a hot potato right now.
[URL=http://photobucket.com/]/URL]

New crop is doing somewhat better. Nov went to carry over July on
Feb 1. 10.50 new crop is still being offered here and there but I think it will be
slip slidinngggg away very soon.

[errolanderson]

Plunge in Japan Nikkei stock index overnight (down 5.4%) have canola traders on-the-run today . . . .

China closed thankfully for Lunar New Year holiday.

[Westcentralsk]

Almost like there is a USDA report out....oh, wait...

[TOM4CWB]

Just trying the Beta... Bailed out of most of my CDN$ and Short New Crop Canola... Princess wants to make money... not spend on risk management... Blood pressure needs a break!

Cheers!

[farmaholic]

farming101....I wish it was all a bad dream and the chart was inverted. Not like there weren't opportunities along the way....canola and wheat.

[errolanderson]

Japanese Nikkei stock market getting destroyed this week . . . . Not good for export canola demand.

[BTO_farmalll]

Jump Man!!!!!!!!!!!